TITLE

Lanxess bid to save €50m

AUTHOR(S)
Robinson, Simon
PUB. DATE
July 2006
SOURCE
ICIS Chemical Business;7/31/2006, Vol. 1 Issue 30, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the launch of a fourth round of restructuring by chemical firm Lanxess, aimed at saving an additional €50m by 2009. The move adds to the company's reorganization program, which was announced in April 2006. According to chairman Axel Heitmann, one-off costs of €80m will be incurred in implementing the latest scheme. This includes the Recom drive to improve the competitiveness of rubber chemicals production at Antwerp, Belgium, and a plan to improve product delivery in Germany.
ACCESSION #
21958007

 

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